ADP Says Payrolls Rose 38,000 in August, Below Forecast
Automatic Data Processing said firms added 38,000 workers in August, fewer than a revised 46,000 in July and below the 47,000 consensus estimate. Job creation stayed positive but was the smallest gain since January, reflecting a broader labor-market slowdown, with education and health services leading while many other sectors declined. Pay gains held steady, and the data precedes the BLS nonfarm payrolls release.